Bitcoin price is above 104 thousand dollars, as the consumer price index cools in April to 2.3 %, which enhances the cuts of the federal reserve price and feeding the ups of the upward market.
Bitcoin rises above 104 thousand dollars, as inflation cools
Bitcoin rose sharply on Monday after the US consumer price index was released in April (CPI). according to Economy Data, the US consumer price index (CPI) rose to 320.80 points in April from 319.8 points in March 2025.
The annual inflation rate in the United States decreased to 2.3 % in April 2025, the lowest level since February 2021, from 2.4 % in March and less than 2.4 % expectations.
It is worth noting that the annual inflation, which showed an annual basis of only 2.1 % attracted the attention of investors, reflecting the slightest increase in inflation recorded since 2021. This enhances market expectations to reduce the rate of federal reserve policy during the next FOMC meeting.
Within two hours of data version, BTC rose by 2.9 % to $ 104,771 at the time of the press, after decreasing to $ 101,868 on Monday.
This step was accompanied by a 35 % increase in bitcoin sizes on the Binance BTC/USDT pair.
The Tradfi market response was also visible as Coinbase Global (COIN) increased by 5.3 % in pre -market trading to $ 215, reflecting positive morale around the shares related to the cryptocurrency. S&P 500 Futures also advanced 1.1 % to 5300, which reflects simultaneous recovery across global risk asset markets.
68.6 billion billion btc open benefits to re -enter the upscale control
The BTC price procedure has been supported by a decisive transformation in the derivative markets, which reflects the increase in the upward condemnation of merchants.
The open interest in Bitcoin futures increased by 2.38 % to $ 68.57 billion. The open use of options increased by 2.50 % to 39.89 billion dollars.
On Binance, the long percentage/Trader Long/Short reached 1.595. The proportion of the broader market was 0.9724, which reflects a clear directional tilt to the upward trend.
The liquidation trends registered over the past 24 hours also confirm this bullish transformation in the short -term momentum. Since the release of CPI, $ 84.61 million has been disinfected in lifting positions.
The short centers constituted $ 28.27 million of this total, with 81 % of the short filters that occur in the first hour. Consumer price index data caught a large part of the unrestricted market.
On the other hand, futures trading volume decreased by 13.71 % to 104.67 billion dollars. The volume of options also decreased by 9.64 %.
This indicates that although the upscale positions have been established, short -term traders are watching with caution to get more macro confirmation before increasing the amount of lifting the amount.
Looking forward to the future: BTC Eyes of $ 110,000 as Ret Rets Firm
Combining inflation, high open interest, and localized demand indicates continuous progress of Bitcoin.
Attention will now turn into comments coming from the Federal Reserve Chairman Jerome Powell and FOMC MOTOR. The clarity in the central bank’s position will be extremely important to verify the validity of the current market expectations in the market.
Currently, Bitcoin benefits from macro relief, high trading sizes, and increased all capital flows with BTC to keep their upward momentum towards new levels at all times about $ 110,000.
Bitcoin: Bulls Eye 110K $ 110K, where RSI carries RIBTA and Delta Rebta
In Bitcoin price expectations, the Polyinger’s expanding teams, the positive size, and the high RSI are supported by a thunderbolt at a sign of $ 110,000.
As shown in the TradingView chart below, Bitcoin is traded at $ 104,560 after increasing approximately 18 % during the past 12 hours, indicating the revival of the upscale momentum after a unification phase.
More importantly, the price of BTC has been broken clean above the range of $ 100,000, with a sustainable closure over both Bollinger Basis Band ($ 100,182) and the upper envelope band ($ 100,614), indicating a strong directional condemnation.
Bollinger Band expands, and is often an introduction to the volatile bullish direction movement, as candles are hovering near the upper range at $ 108,439, which enhances the potential of the upcoming upward.
The power of momentum is more confirmed by the Rsi Holding at 72.52, marginally above 70 thresholds that usually determine excessive conditions at its peak.
However, the continuous height of the RSI without spacing hints to the strength of the direction rather than exhaustion, especially since the RSI line maintains a gradual upward slope over a sign.
It is worth noting that the high positive delta in the positive size to +1.27K represents the highest dominance of the buyer since early May, which confirms the renewal of the demand for spots.
Negative risks are still covered as BTC exceeds $ 100,000, which is in line with both medium range support and historical resistance that has now turned into support. Clean collapse can restore less than $ 100,000 with bidding volume weakened about $ 92,850.
Related questions (common questions)
Bitcoin jumped after the consumer price index in April 2025 showed a 2.3 % cooling rate, which enhances expectations that cut their rate and investor confidence.
Low inflation leads to increased expectations for federal reserve discounts, reducing risk pressure and making bitcoin more attractive to investors.
Bitcoin targets $ 110,000 as strong RSI, ascending derivatives, high demand for stains supports the current upward trend.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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